Calix, Inc $CALX Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Calix, Inc. by 22.8%, owning 144,323 shares valued at approximately $5.1 million as of the latest SEC filing.
• Calix's quarterly earnings surpassed expectations, reporting $0.33 EPS, significantly above the estimated ($0.08), with revenues increasing 22.1% from the previous year.
• Research analysts have generally rated Calix positively, with several firms raising their price targets and maintaining a consensus rating of "Moderate Buy" and an average target price of $59.25.

American Century Companies Inc. boosted its holdings in shares of Calix, Inc (NYSE:CALX - Free Report) by 22.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,323 shares of the communications equipment provider's stock after buying an additional 26,778 shares during the period. American Century Companies Inc. owned approximately 0.22% of Calix worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Calix in the 1st quarter worth approximately $28,000. Signaturefd LLC grew its holdings in shares of Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after buying an additional 480 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Calix in the 4th quarter worth $208,000. LVW Advisors LLC acquired a new stake in Calix during the 1st quarter worth about $226,000. Finally, Kera Capital Partners Inc. purchased a new stake in Calix during the 1st quarter valued at about $261,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Down 2.6%

Shares of CALX stock traded down $1.56 during mid-day trading on Friday, hitting $59.50. 439,481 shares of the stock were exchanged, compared to its average volume of 611,072. Calix, Inc has a 52-week low of $28.60 and a 52-week high of $61.27. The company has a market cap of $3.89 billion, a PE ratio of -148.75 and a beta of 1.35. The firm has a fifty day moving average of $54.95 and a 200 day moving average of $44.98.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.41. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The company had revenue of $241.90 million during the quarter, compared to analysts' expectations of $223.81 million. During the same quarter in the prior year, the firm posted $0.09 EPS. Calix's quarterly revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Equities analysts predict that Calix, Inc will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CALX. Rosenblatt Securities lifted their target price on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, Needham & Company LLC raised their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.25.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the transaction, the director directly owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $3,065,000 in the last three months. 16.90% of the stock is owned by corporate insiders.

About Calix

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.